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From The Leo Malz Specialized Collections of Latin America - Daniel F. Kelleher Auctions, LLC - October 7, 2020

Lot 216 - Honduras, 1925, Proof strike of "AERO CORREO" overprint on 1c Morazan Statue issue, a nicely centered example of this major Honduran Airmail rarity, T.C. Pound's Provisional Airmail—created April 29 in anticipation of the first Honduran Airmail flight on May 1; with original gum, though possessing some faults—notably a small pinhole and creasing, etc.—all of which are largely irrelevant as this represents one of only four examples of this proof extant, as noted in the accompanying 1980 Friedl Expert Committee certificate (though we could find just two prior examples recorded); this item is listed in the 1972 Sanabria catalogue as "#1" with a catalogue value—then—of $6,500, Very Fine.
Sanabria 1.

Without question, one of the rarest Airmail stamps in the world
. Suggested Bid $1,500-2,000....Suggested Bid $1,500-2,000 Currently US$ 1,200

Daniel F. Kelleher Auctions, LLC Daniel F. Kelleher Auctions, America's Oldest Auction Company